Ningxia Building Materials announced plans to buy back company shares for 100 million to 200 million yuan, with a maximum repurchase price of 19.47 yuan per share, and the repurchased shares will be cancelled. The company's stock price had long been below net asset value per share, but after a recent strong climb, it has exceeded the 2025 annual report net asset value per share. As of August 7, the total market value was 7.412 billion yuan. The company stated that the actual controller and controlling shareholder have no plans to reduce their holdings in the next three months and six months, and the repurchased shares will be cancelled within three years after the relevant announcement. In addition, InHand Networks also disclosed a buyback plan on the evening of August 9, proposing to use 20 million to 30 million yuan of its own funds to buy back and cancel shares.
Ningxia Building Materials Group Co LtdCompany announces share buyback and cancellation, supporting stock price.
Beijing InHand Networks Technology Co LtdInHand Networks also disclosed a buyback plan, though smaller in scale.
